While Saudi Electric Company (SEC) remains majority state-owned, several initiatives are under way to bring private investment into the sector. Investment is already flowing in the form of independent power projects (IPPs), with some already up and running, and other major projects in the pipeline for the near future. The...
Saudi Arabia has long been a lynchpin of global oil and gas production, but its energy profile is changing. The Kingdom is becoming a rapidly growing energy consumer and a key player in the development of sustainable energy technologies. Saudi Arabia is sometimes called the “central bank” of the global oil industry. With over 260bn barrels of conventional reserves (...
Investment is being poured into expansions and capacity upgrades across the sector, with around SR500bn ($133.25bn) to flow into the electricity and water segments in the coming decade. Saudi Arabia has ambitious plans to build up renewable electricity generation capacity, in particular solar power, to address rapidly rising...
Given shifting energy demand, how do you foresee the relationship between international and national oil companies evolving in the future?
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